tiprankstipranks
TORM Expands Share Capital Amid Vessel Acquisition
Company Announcements

TORM Expands Share Capital Amid Vessel Acquisition

Torm (TRMD) has released an update.

Pick the best stocks and maximize your portfolio:

TORM plc has increased its share capital by 352,152 shares following the delivery of a newly acquired MR vessel, part of a larger purchase of eight second-hand vessels. The new shares are set to be listed on Nasdaq Copenhagen and are subject to a 40-day lock-up period outside the United States. This move raises TORM’s share capital to USD 960,064.89, enhancing its presence in the stock market.

For further insights into TRMD stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyTorm plc files automatic mixed securities shelf
TipRanks Auto-Generated NewsdeskTORM Reports Capital Increase Following Incentive Program
TipRanks Auto-Generated NewsdeskTorm Expands Share Capital Amid Fleet Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App